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CIBC Asset Management announces portfolio management change



TORONTO, March 28, 2019 - CIBC (TSX: CM) (NYSE: CM) - CIBC Asset Management Inc. today announced that Lazard Asset Management LLC has been appointed portfolio sub-advisor for the CIBC Latin American Fund. This change will take effect on or about April 1, 2019.

With US$192.8 billion in assets under management, Lazard manages investment portfolios and provides advice to institutional and individual investors around the world. It offers a broad range of global, regional and country-specific strategies - both traditional and alternative - in listed equity and fixed income investments. Lazard operates from offices in 22 cities across 16 countries located in North America, Europe, Asia and the Middle East.